Discussion in 'Bullion Investing' started by James Gravitt, May 22, 2019.
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If you don’t mind, why would you want to buy copper in bulk? Seems to me you could get a pound of copper pennies if you really wanted copper that bad and at least have some coins. There are about 145 pennies to a pound..I can buy them for 1 to 1.5 cents max near me. That would be $1.45 to maybe $2.25 max per pound. You’re gonna pay $40 for the bar!
As for copper pennies, these 95% copper pennies (non wheat) are never
worth more than 1 cent each. But you can't tell people what to do.
The copper futures have just had a series of 3 advances and then retreats , unable to continue up. That is a bad candlestick sign and ( if you believe such ) usually indicates a deep downward fall. Contrary to this the pundits are advising to buy copper so they can get out of it. Be cautious.
the people holding pure copper will be the only ones able to trade for food
and medical supplies.
And why, pray tell, wouldn't the copper be radioactive?
First off @Michael K was joking.
. And just so they do not feel left out , the platinum hoarders will have to wait a long time for Pt.190 to cool off ~6.50×10^11 years. Jim
Anything is the scrap type such as tubing or bright and shiny from industrial
Plants, i think the market for coins, bars etc, would be very very light as
There is very little value there.
Hmmm, I think food and medical supplies would be priceless vs. ANY metal
Even silver is tough in that regard. The pirce I noted in a search is $14.67. Gold is $1,284 in round numbers. The current ratio is about 87 to 1. Can you imagine William Jennings Bryan campaigning on that platform? "87 to 1 looks great to me!"
That,s A POUND ! i guess if you had no job and were begging on the
Street maybe this would be a good investment vehicle, but for everybody
Else a waste of time and money !!
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